SAN DIEGO, CA--(Marketwire - February 2, 2011) - DR Technologies, Inc. and its subsidiary, Vanguard Composites Group announced today that the company's board of directors approved a name change to Vanguard Space Technologies, Incorporated.

Vanguard Space Technologies CEO, Frank Belknap says of the name change: "This reflects our increasing presence in the Space technology business and provides a singular, focused entity for our customers and suppliers."

Over the past two years, Vanguard Space Technologies has consolidated most of its operations to the San Diego area and increased its capability with the addition of a dedicated Assembly, Integration and Test facility.

Coupled with this change, Vanguard Space Technologies will be updating its logo and migrating its website and email to a vst-inc.com domain. This is expected to occur midway through February 2011.

VST also has an emerging business in Space Power, Optical and Thermal products which includes advanced, low cost solar panels, high accuracy ultra-lightweight reflective optics, and thermal control radiators. Ongoing SBIR efforts have developed these technologies for small spacecraft and special applications. This area features high performance advanced technology products such as standardized modular solar arrays, loop heat pipe radiator panels, infra-red and submillimeter reflectors, and solar concentrators.